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ABC Company's last dividend was $5.1. The dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are expected
ABC Company's last dividend was $5.1. The dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are expected to grow at a rate of 7% forever. The firm's required return (rs) is 12%. What is its current stock price (i.e. solve for Po)?
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